Average Atlanta Rent Growing Three Times Faster Than National Median

Average Atlanta Rent Growing Three Times Faster Than National Median

Published On: June 10th, 2018Last Updated: June 10th, 2018Categories: Investment Properties, Leasing Your Property, TenantsTags:

According to a report on Atlanta rental trends, the city’s rents are growing substantially. The price of rent in Atlanta is growing three times faster than the national median. Three times! Meanwhile, as noted previously, Atlanta home prices are going up steadily. This may lead more people in Atlanta to rent rather than buy. Even still, homes in metro Atlanta are in the bottom quarter of the most expensive cities, so many investors find these conditions perfect for rental property investments.

The rent prices people are willing to pay are growing three times faster than the national median. These increases outpace even San Francisco. If you’re looking for a good place to invest in real estate, Atlanta should be on your list. Plus, the area is enjoying a surging rural economy too. Atlanta was also ranked number 10 for its healthy real estate market.

Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?

Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.